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the head of israel's central bank will weigh in on that and america's fiscal mess. he's with me exclusively coming up. >> looking forward to that. >>> plus, we'll head thrive israel for the latest on efforts to end the seven days of fighting coming up. >>> if you were not with us earlier today, fed chairman bernanke said that the fed does not have the tools to offset the worst case scenario of going over the fiscal cliff. >> his comments earlier, the market really impacted by his comments about the fiscal cliff before rebounding. as soon as mr. bernanke said they are out of tools and it's on congress, the dow went from down 17 points to down 70. since then, we have come all the way back. now we're down 24. look at this intraday chart. >> is there a floor under this market? i want to show you something. i was reading in the car coming down here today. this is the latest "time" magazine. this is an article in this week's issue that wonders why stocks are dead. why didn't they put it on the cover? that would have been the perfect contrary indicator. they ponder whether
the head of israel's central bank will weigh in on that and america's fiscal mess. he's with me exclusively coming up. >> looking forward to that. >>> plus, we'll head thrive israel for the latest on efforts to end the seven days of fighting coming up. >>> if you were not with us earlier today, fed chairman bernanke said that the fed does not have the tools to offset the worst case scenario of going over the fiscal cliff. >> his comments earlier, the market really...
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would say if 700 rockets hit you, israel has a right to self-defense. if this gets out of hand, you have a new government in egypt that shares some roots, some political roots, with hamas but doesn't want to wreck its relationship with us. you have the situation in syria that is so violent and i think israel knows that it wants to be careful not to let this out of hand. and so maybe this three party, i agree with martin, this three-party agreement could be very important and maybe a sign that in his second term president obama is going to get more engaged in the peace process. there has been talk of sending president clinton as a mideast envoy. i thought that was an intriguing idea. but at least i think this is -- these are all very good signs for the situation. >> e.j., stay with us, and martin fletcher, thanks to you. i want to bring in senator chris koonce. senator, good morning. >> good morning 0, chris. >> the senate did unanimously pass that resolution standing by israel, something you co-response arored. what do you think hillary clinton brings t
would say if 700 rockets hit you, israel has a right to self-defense. if this gets out of hand, you have a new government in egypt that shares some roots, some political roots, with hamas but doesn't want to wreck its relationship with us. you have the situation in syria that is so violent and i think israel knows that it wants to be careful not to let this out of hand. and so maybe this three party, i agree with martin, this three-party agreement could be very important and maybe a sign that...
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. >> any time israel is involved in a story, did becomes excruciatingly -- id becomes excruciatingly difficult to cover, because there is a sense of identity in this country with israelis, and many reporters, old friends and colleagues of mine used to be criticized for taking an anti-israeli point of view. he spent many years living in the arab world and had a sympathetic. of view to arabs. i think what is happening in gaza right now meets in the definition of tragedy. the israelis cannot be expected to stand by while their cities are rocketed. on the other hand, the idea that the israeli defense forces are equally professional, the number of casualties on the palestinian side are going to be much greater. they are leaving an impression there is something unfair. this is the time you need correspondents who have spent years in the region, because by and large, you ask what i think of the coverage. i think it is surface. it focuses on the casualties. you do not know what the possibilities may be for agreement on the sides. i think that is one thing we have lost in not having correspon
. >> any time israel is involved in a story, did becomes excruciatingly -- id becomes excruciatingly difficult to cover, because there is a sense of identity in this country with israelis, and many reporters, old friends and colleagues of mine used to be criticized for taking an anti-israeli point of view. he spent many years living in the arab world and had a sympathetic. of view to arabs. i think what is happening in gaza right now meets in the definition of tragedy. the israelis cannot...
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toward an outcome that bolsters security for the people of israel. improved conditions for the people of gaza and move toward a comprehensive peace for all people in the region. i thank you, prime minister, for your hospitality and look forward to our discussion. >> thank you. >> that was secretary of state hillary clinton who has just arrived in jerusalem speaking with benjamin netanyahu. we will be back in a moment. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. now we need a little bit more... [ male annou
toward an outcome that bolsters security for the people of israel. improved conditions for the people of gaza and move toward a comprehensive peace for all people in the region. i thank you, prime minister, for your hospitality and look forward to our discussion. >> thank you. >> that was secretary of state hillary clinton who has just arrived in jerusalem speaking with benjamin netanyahu. we will be back in a moment. [ man thinking ] oh, this gas. those antacids aren't working. oh...
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i will conclude with one observation on israel and gaza. there was a time in a parallel universe that you could have imagined -- and i only know this and i'm not comparing the two straight -- in 1996 america faced an interesting question, a flare on the lebanese border between israel and hezbollah. i was part of that and had a happy ending. warren christopher was there, and there was any gratian, in direct trauma between israel and hezbollah. syria was the repository of the confidence and assurances, which ended a very bitter and bloody confrontation across leavening board -- lebanese border. you have today not a strictly analogous attrition, but you have today another bloody conflict between israel and hamas. this time the repository is not syria, but it is egypt, maybe turkey, and you have a secretary of state today and tomorrow to is going to plunge into this. the interesting question -- i am not want to prejudge this -- is whether or not this becomes -- is there even a conception that this would lead to an intensive bit of diplomacy tha
i will conclude with one observation on israel and gaza. there was a time in a parallel universe that you could have imagined -- and i only know this and i'm not comparing the two straight -- in 1996 america faced an interesting question, a flare on the lebanese border between israel and hezbollah. i was part of that and had a happy ending. warren christopher was there, and there was any gratian, in direct trauma between israel and hezbollah. syria was the repository of the confidence and...